Banque et Caisse d’Epargne de l’Etat, Luxembourg

 (4.5; 11 ratings)
4.5 11

Business Focus

universal banking

Established in 1856, Banque et Caisse d'Epargne de l'Etat (BCEE, trading as Spuerkeess) offers retail banking products and services to individuals, families, and professionals. BCEE is a state-owned bank, its sole shareholder is the State of Luxembourg.

Services

retail banking
private banking

Clients

individuals
families
professionals

Area Served

LULuxembourg

Products

current accounts
credit cards
savings accounts
time deposit accounts
consumer loans
mortgage loans
pension plans
investment funds

International Transfers

SWIFT Transfers
SEPA Credit Transfers
SEPA Instant Transfers
SEPA Direct Debits

See Also

Account Opening

Becoming a client of Banque et Caisse d’Epargne de l’Etat, Luxembourg can be done in a few steps:

1.
Submit online application
2.
Get a callback from the bank
3.
Visit bank branch

Due to regulatory requirements Banque et Caisse d’Epargne de l’Etat, Luxembourg performs KYC/AML checks when establishing business relationships with a new client. While onboarding a private individual Banque et Caisse d’Epargne de l’Etat, Luxembourg will ask him/her to provide the following documents: passport; proof of address. For corporate clients Banque et Caisse d’Epargne de l’Etat, Luxembourg will ask to provide corporate documentation as well as information about controlling persons. Banque et Caisse d’Epargne de l’Etat, Luxembourg may request additional documentation or information depending on the case. Banque et Caisse d’Epargne de l’Etat, Luxembourg performs client's identity verification via branch visit.

Ways to Bank

Banque et Caisse d’Epargne de l’Etat, Luxembourg delivers its products and services through both direct and indirect channels, namely:
branch
online banking
mobile app

Financials

Total Assets of Banque et Caisse d’Epargne de l’Etat, Luxembourg
Annual_profit of Banque et Caisse d’Epargne de l’Etat, Luxembourg
Total Assets (2019)
48,063.16 mln EUR  (+4.19%)
Annual Profit (2019)
183.92 mln EUR  (+4.88%)
Number of Employees (2019)
1,862  (+0.27%)

Banque et Caisse d’Epargne de l’Etat, Luxembourg is the 2nd largest bank in Luxembourg in terms of total assets. In 2019 its total assets were 48 063,16 mln EUR. In 2019 the bank's annual profit was 183,92 mln EUR. Banque et Caisse d’Epargne de l’Etat, Luxembourg had 1 862 employees in 2019.

Credit Ratings

Fitch: -
AAA
AA+, AA, AA-
A+, A, A-
BBB+, BBB, BBB-
BB+, BB, BB-
B+, B, B-
CCC, CC, C, RD, D
Moodys: Aa1
Aaa
Aa1, Aa2, Aa3
A1, A2, A3
Baa1, Baa2, Baa3, Baa4
Ba1, Ba2, Ba3
B1, B2, B3
Caa1, Caa2, Caa3, Ca

Banque et Caisse d’Epargne de l’Etat, Luxembourg is rated by Moody's. Long-term credit rating assigned to the bank by Moody's is Aa1 (high grade).

Deposit Guarantee

Guarantee Fund
Fonds de garantie des dépôts Luxembourg (FGDL)Fonds de garantie des dépôts Luxembourg (FGDL)
Protected Amount
up to 100,000 EUR
Eligible Depositors
natural persons (Luxembourg and foreign)
SMEs, companies
Covered Accounts
all cash deposits

Banque et Caisse d’Epargne de l’Etat, Luxembourg participates in the deposit guarantee scheme of Luxembourg. This deposit guarantee scheme applies to all cash deposits made by natural persons (Luxembourg and foreign), SMEs, companies and covers up to up to 100,000 EUR per bank per depositor. Banque et Caisse d’Epargne de l’Etat, Luxembourg is a member of Fonds de garantie des dépôts Luxembourg (FGDL) and makes its contributions into it.

Contacts

1, Place de Metz, 1930, LUXEMBOURG, Luxembourg
+352 40 15 1
+352 40 15 2099

Banque et Caisse d’Epargne de l’Etat, Luxembourg is headquartered in LUXEMBOURG.

Social Networks

Banque et Caisse d’Epargne de l’Etat, Luxembourg has profiles at the following social networks:

Bank Identifiers

BIC (SWIFT)
BCEELULL
LEI
R7CQUF1DQM73HUTV1078
MFI ID
LUB00001

Bank History

Start Date
February 1856

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